When a confidential registration statement is used, the identity of selling shareholders are not readily available to the public on the SEC’s Edgar system. They may also obtains shareholders in a transaction that is exempt under one of the exemptions provided by Regulation D of the Securities Act of 1933, as amended (the “Securities Act”).

Regardless of the structure chosen, Form S-1 requires the registrant to provide specific selling stockholder disclosures. These disclosure requirements are set forth in Item 507 of Regulation S-K of the Securities Act of 1933, as amended.

• Name of each selling security holder and if the selling stockholder is a corporate entity, its control person must be provided • Relationship between each selling shareholder and the company • Relationship between each selling shareholder and one another • Number of shares being registered • Number of outstanding shares held before and after the offering • Percentage of shares owned before and after the offering assuming all shares are sold